AMC Entertainment, alongside GameStop, experienced a surge in its stock price after Keith Gill, also known as “Roaring Kitty,” reappeared online after a three-year hiatus. This resurgence led to AMC shares more than doubling since Friday’s closing price, reaching over $6 during afternoon trading on Tuesday. The last time retail investors rallied around AMC, the
potential
The sudden surge in meme stocks like GameStop and AMC, with increases of over 65% and 70% respectively, raises concerns about market volatility. The return of “Roaring Kitty” after three years triggered the latest frenzy, showcasing the power of online influencers in driving stock prices. However, the sustainability of these gains remains questionable, as such
In the first quarter of 2024, U.S. crypto exchange Coinbase reported a total of $56 billion in consumer trading volumes. This period coincided with bitcoin reaching record highs of close to $74,000. However, this figure pales in comparison to the $133.75 billion quarterly average seen during the 2021 rally, indicating a shift in retail trader
The Federal Reserve is currently under scrutiny as market experts debate the potential for rate cuts in the year 2024. Some believe that the Fed will implement two rate cuts, with the first one starting in September. However, if the inflation data does not show significant improvement by September, there might not be any rate
Novavax experienced a substantial surge in its stock price of up to 50% following the announcement of a groundbreaking multibillion-dollar deal with French pharmaceutical giant Sanofi. This deal marked a pivotal moment for the struggling vaccine maker, with its stock nearly doubling after the licensing agreement with Sanofi was made public. The Deal Details Under
The recent resurgence of “Roaring Kitty” has led to a significant surge in GameStop shares, with prices jumping as high as 110%. This speculative rally, fueled by amateur traders, has caused trading halts due to extreme volatility. However, from a fundamental standpoint, GameStop, a brick-and-mortar video game company, does not justify such a dramatic increase
Regeneron Pharmaceuticals, Inc. stands as a prominent player in the biopharmaceutical industry, with a strong strategic focus on novel therapeutic areas. The company’s financial performance is robust, with a market capitalization of $103.43 billion, showcasing a substantial industry presence. Additionally, Regeneron’s earnings per share (EPS) have shown an upward trajectory, with projections indicating continued growth.
Arm Holdings, a subsidiary of SoftBank Group, is set to make a groundbreaking move in the world of artificial intelligence (AI) chips. According to a report by Nikkei Asia, Arm plans to establish an AI chip division and launch its first products by 2025. Development and Timeline The UK-based company aims to have a prototype
France recently announced significant investments and job creation agreements with major companies such as Amazon, Pfizer, and Morgan Stanley. These developments come as the country prepares to host the annual ‘Choose France’ event, aimed at attracting foreign investments and boosting its economy. Amazon revealed plans to invest an additional 1.2 billion euros in France, with
Iraq’s oil minister recently announced that Chinese companies have secured five more bids to explore oil and gas fields in the country. This adds to the ten licenses that Chinese companies have already obtained, making them the sole foreign players in the latest round of hydrocarbon exploration licensing. The lack of participation from other international
Investor Danny Moses, known for his appearance in “The Big Short,” has expressed deep reservations about the future of Tesla shares. Despite a 32% decline in the stock price this year, Moses remains steadfast in his short position on Tesla. He points to key issues within the company’s core business that are causing him to
British newspaper groups have reacted strongly to Apple’s plans to introduce a “web eraser” tool that would block advertisements in the Safari browser. They have highlighted the potential threat this tool poses to the financial sustainability of journalism. The removal of ads or unwanted website content could significantly impact digital revenues in the industry, which
When it comes to investing in the food industry, Domino’s Pizza (DPZ) stands out as a top pick according to Wall Street experts. Following a strong first-quarter performance, Deutsche Bank analyst Lauren Silberman reiterated a buy rating on DPZ stock with an increased price target of $580. Silberman highlighted the company’s impressive U.S. same-store sales
Jane Schoenbrun’s film, I Saw Then TV Glow, has seen a significant increase in box office earnings in its second week, with an estimated $195k+ on 21 screens. This expansion marks a successful rollout, driven by a passionate fan base particularly among young, male, and LGBTQ+ audiences. The gender-bending supernatural thriller is set to continue